China issues guidelines to optimize foreign investment environment

China's State Council issued guidelines on Sunday to further optimize the country's foreign investment environment and attract more foreign investment.

The State Council said in a document that authorities should increase protection of the rights and interests of foreign investors, including intellectual property rights, and explore a "convenient and secure management mechanism" for cross-border data flows.

The document also announced guidelines to increase fiscal support and tax incentives for foreign-invested enterprises, such as temporarily exempting withholding income tax for foreign investors' reinvestment of their profits into China.

(Cover via CFP)

Source(s): Reuters

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